Crypto Midterm Election Spending Reaches $176 Million as Industry Builds for the Next Congress

Bitcoin Magazine Crypto Midterm Election Spending Reaches $176 Million as Industry Builds for the Next Congress The crypto industry has spent about $176 million across more than 100 midterm races this cycle, according to a Reuters review of campaign spending. The money is part of a plan to build a bipartisan coalition in Congress that can protect the sector after President Donald Trump leaves office. Fairshake, the industry’s largest super PAC, leads the effort. The group spent $196 million in the 2024 cycle and is directing strategy again. Through October 20, Fairshake and its affiliate PACs had spent about $150.8 million this year, while other crypto groups spent around $25 million.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.